ProShares UltraPro QQQ $TQQQ Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 126.0% during the fourth quarter, Holdings Channel reports. The firm owned 21,172 shares of the exchange traded fund’s stock after acquiring an additional 11,802 shares during the quarter. HighTower Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $1,116,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in TQQQ. WFA of San Diego LLC acquired a new stake in shares of ProShares UltraPro QQQ during the second quarter worth about $25,000. CoreCap Advisors LLC increased its position in shares of ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 240 shares in the last quarter. BOKF NA acquired a new stake in shares of ProShares UltraPro QQQ during the third quarter worth about $31,000. Dogwood Wealth Management LLC acquired a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth about $44,000. Finally, Halbert Hargrove Global Advisors LLC increased its position in shares of ProShares UltraPro QQQ by 100.0% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 852 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 426 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $85.22 on Friday. The business’s 50-day simple moving average is $63.85 and its 200-day simple moving average is $56.01. ProShares UltraPro QQQ has a one year low of $35.65 and a one year high of $88.09. The stock has a market capitalization of $42.03 billion, a P/E ratio of 38.25 and a beta of 3.71.

ProShares UltraPro QQQ Profile

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.